Saudi energy minister: Warns oil speculators not to bet against OPEC

Author: Greg Michalowski | Category: News

More OPEC news

The Saudi energy minister is now speaking saying:
  • UAE has shown its commitment to OPEC+cuts
  • Warns oil speculators not to bet against OPEC.
  • Exports to evolve as local consumption drops
  • We don't have to wait until December, we will be proactive
Meanwhile the UAE energy minister is now speaking and says:
  • Reaffirmed the full support, commitment to OPEC+ deal
  • Output increase in August was due to domestic demand
  • Tremendous increase in electricity demand in August
  • Will compensate oil output in October and November
  • Won't pump above OPEC+ target this month
  • To meet 100% of its OPEC+ quota in September
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